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Oracle Accounting Hub Cloud 2020 Implementation Essentials Sample Questions:
1. Given the journal:
What is the terminology that is used to identify the "Account Number', 'Original Balance' , and 'Origination Date' fields?
A) Source System Identifier
B) User Transaction Identifier
C) System Identifier
D) Attribute Identifier
2. Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company
'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
How do you calculate discounts for use in the accounting rule?
A) Use flexfield
B) Use custom formulas
C) Use mapping set rules
D) Use analytical calculations
3. What is NOT included in the minimum required accounting attribute assignments?
A) Distribution Type
B) First Distribution Identifier
C) Second Distribution Identifier
D) Accounting Date
4. Which is an alternate way to implement a mapping set rule?
A) Define an account rule with conditions.
B) Define a flexfield rule with conditions.
C) Define a lookup type rule with conditions.
D) Define a chart of account rule with conditions.
5. What can you override in a completed subledger journal entry?
A) the supporting Information
B) the amounts
C) the descriptions
D) the account
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: D |




